Short-term Bitcoin Holder Share Drops to 23.5% Lowest in Years

Bitcoin short-term holder ratio falls to 23.5%, a multi-year low, while long-term holders rise to 52.5%, signaling reduced speculative turnover and supply concentration.

Woofun AI data shows that the proportion of Bitcoin holders with short-term positions has declined to 23.5%, representing the lowest level recorded in recent years. Conversely, the share of long-term holders has increased to 52.5%, nearing the 55% peak observed in 2018. Axel Adler Jr. from CryptoQuant highlighted that this shift indicates a transition from short-term speculators to long-term holders, with short-term figures dropping from 40% three months ago. He noted that the decrease in short-term holders suggests reduced speculative activity and limited new capital inflows, while the rise in long-term holders implies Bitcoin supply is concentrating among stronger hands.

However, Adler emphasized that this structure does not automatically signal buying opportunities; without recovering demand, low activity could persist, potentially leading to further price declines similar to the 2022-2023 bottom period.